.GOLD (M30) NEW UPDATES

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๐Ÿ“Š **Gold (XAU/USD) M30

**๐Ÿงญ Overview:**
Gold is currently trading around **$3,331** after facing resistance near the **$3,355** zone. The chart shows a key **resistance point** at $3,352โ€“$3,355, with multiple rejections from that level.

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**๐Ÿ“ Key Levels:**
๐Ÿ”ผ **Resistance Zone:** $3,352 โ€“ $3,355
๐Ÿ”ฝ **Support Levels:**
- ๐ŸŸข Minor Support: $3,299
- ๐Ÿ”ต Major Support: $3,267

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### ๐Ÿ”„ **Scenarios to Watch:**

1. **๐Ÿ“ˆ Bullish Scenario (Blue Path):**
- If price breaks and holds above **$3,331**, it may **retest resistance** at **$3,355**.
- A **strong breakout** above $3,355 could signal further upside momentum ๐Ÿš€.

2. **๐Ÿ“‰ Bearish Scenario (Red Path):**
- If price **fails to break higher** and gets rejected below $3,331, a drop is likely.
- A **break below $3,299** could lead price down to the **next support** at **$3,267** ๐Ÿ“‰.



# โš–๏ธ **Bias:**
Neutral to ๐Ÿ”ป **bearish** below the $3,355 resistance area.



### ๐Ÿง  **Strategy Suggestion:**
- ๐Ÿ‘๏ธ Watch closely near $3,331 for price action signals.
- ๐Ÿ“‰ Consider **short entries** on a lower high or rejection near $3,331โ€“$3,340.
๐ŸŽฏ Targets: $3,299 and $3,267
- ๐Ÿ“ˆ Only go **long** on a **clean breakout + retest** above $3,355.

Penafian

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